"Without any election surprises, the market is continuing
to depend on the fortune of international markets. The election
did not change investors' preferences in the least," said
Claudio Szlaien, an analyst with Marlon Financial Resources.

Outstanding gainers included Brazilian state oil firm
Petrobras APBR.BA, which was up 3.74 percent at 151 pesos per
share, and electrical company Transener TRA.BA, which gained
2.56 percent to close at 2 pesos per share.

Argentine debt <AR/BONOS> also rose 1 percent following
Fernandez's decisive first-round win, which had been expected.
Traders said bonds rose on hopes she would pursue more
market-friendly policies than her husband.

"Investors have a growing optimism about the possibility
that she will introduce ... little by little, changes that
improve the economic model," said Roberto Drimer, an analyst at
Argentine Research.